Black Iron (TSE:BKI) Trading Up 11.1% – Time to Buy?

Black Iron Inc. (TSE:BKI) shot up 11.1% during mid-day trading on Thursday . The stock traded as high as C$0.10 and last traded at C$0.10. 116,987 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 209,393 shares. The stock had previously closed at C$0.09.

Black Iron Stock Up 5.6%

The company has a market cap of C$29.09 million, a P/E ratio of -10.50 and a beta of 1.87. The company has a current ratio of 0.16, a quick ratio of 2.76 and a debt-to-equity ratio of -13.81. The firm’s 50 day moving average price is C$0.11 and its 200-day moving average price is C$0.12.

Black Iron (TSE:BKI) last issued its earnings results on Tuesday, March 17th. The company reported C$0.00 earnings per share (EPS) for the quarter. As a group, equities research analysts expect that Black Iron Inc. will post -0.05 EPS for the current year.

Black Iron Company Profile

Black Iron Inc is a Canadian iron ore exploration and development company. The principal activity of the company is the exploration and development of ferrous metals in Ukraine namely the Shymanivske iron ore project located in Kryvyi Rih, Ukraine. The company operates through the development of its Ukrainian mining and exploration permits segment. It is located approximately 330 kilometers southeast of Kiev in central Ukraine.